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Alabama
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Deeds $0.50/$500
Mortgages $0.15/$100
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0.1%
0.15%
|
|
Alaska
|
None
|
|
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Arizona
|
$2 fee per deed or contract
|
Flat fee
|
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Arkansas
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$3.30/$1,000
|
0.33%
|
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California
|
Local option transfer tax $.55/$500
|
0.11%
|
|
Colorado
|
Transfer tax $.01/$100
|
0.01%
|
|
Connecticut
|
State residential transfer tax has two tiers of either 0.5% or 1.0%, based on value.
Nonresidential is 1.0%.
Municipal transfer tax from 0.11% to 0.36%
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0.5% up to $800K and 1% of value over $800K; plus municipal tax
|
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Delaware
|
2% tax on value of property unless there is also a local transfer tax; then the maximum rate is 1.5%.
|
1.5% - 2%
|
|
District of Columbia
|
Transfer tax 1.1%
Mortgage recordation tax 1.5 % or 1.1% for values up to $250,000
|
1.1%
1.1% - 1.5%
|
|
Florida
|
Conveyance of realty $0.70/$100 (0.6% if county surtax)
Mortgage tax $0.35/100
|
0.7%
0.35%
|
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Georgia
|
$.10/$100
|
0.1%
|
|
Hawaii
|
Transfer tax $0.10 to $1/$100, based on property value.
$0.15 to $1.25/$100 without homeowner exemption, based on value.
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0.1%-1.0%
0.15%-1.25%
|
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Idaho
|
None
|
|
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Illinois
|
State $0.50/$500
County - $0.25/$500
Chicago - $5.25/$500
|
0.1%
0.05%
1.05%
|
|
Indiana
|
None
|
|
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Iowa
|
Transfer tax $0.80/$500
|
0.16%
|
|
Kansas
|
Mortgage fee $0.26/$100
|
0.26%
|
|
Kentucky
|
Transfer tax $0.50/$500
|
0.1%
|
|
Louisiana
|
None
|
|
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Maine
|
Transfer tax $2.20/$500
|
0.44%
|
|
Maryland
|
Transfer tax 0.5% (or 0.25% for 1st- time buyers)
County transfer tax varies by county
Recordation tax varies by county
|
0.5%
Varies
Varies
|
|
Massachusetts
|
Transfer tax $4.56/$1,000 ($2 / $500 plus 14% surtax)
Barnstable county transfer tax $3.42 / $1,000 ($1.50 / $500 plus 14 % surtax)
Also $10-$20 document fee
|
0.456%
0.342%
|
|
Michigan
|
State - $3.75/$500
County - $0.55/$500 - $.75/$500 depending on +/- 2 million population
|
0.75%
0.11% - 0.15%
|
|
Minnesota
|
Deed Tax of $1.65/$500
Mortgage Registry Tax $.23/100
|
0.33%
0.23%
|
|
Mississippi
|
None
|
|
|
Missouri
|
None
|
|
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Montana
|
None
|
|
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Nebraska
|
Transfer tax $2.25/$1,000
|
0.225%
|
|
Nevada
|
$0.65/$500 up to 400,000 county population
$1.25/$500over 400,000 county population
(and local option mid-size county 0.1%)
County tax regardless of size $1.30 / $500
|
0.13%
0.25%
0.26%
|
|
New Hampshire
|
Transfer tax $0.75/$100
Paid by buyer and by seller
|
1.5%
|
|
New Jersey
|
Transfer tax: Varies based on priceand tax status (seniors, disability)
Homes over $1 million add $5/$500 surtax
Commercial sales over $1 million have 1% fee
County: up to 0.1% additional tax
|
0.4% - 1.21%, based on value
1.0%,
1.0%
0.1%
|
|
New Mexico
|
None
|
|
|
New York
|
Realty transfer State - $2/$500 up to $1 million; 1% additional over $1 million and some counties may levy more
Mortgage recording tax-state $1.00/$100
Mortgage NY City $1.00-$1.75/$100
Realty Transfer NY City 1% to 2.625% based on +/- $550K home value
|
0.4% or 1.4% over $1 million, possibly more depending on county
1.0%
1% to 1.75%
1% to 2.625%
|
|
North Carolina
|
Transfer tax $1/$500
Local option to increase by up to 0.4%
|
0.2%
0.4%
|
|
North Dakota
|
None
|
|
|
Ohio
|
Transfer tax $0.10/100
Plus local option $0.30/100
|
0.4% (0.1% plus 0.3%local)
|
|
Oklahoma
|
Deed stamp tax $0.75/$500
Mortgage registration tax $0.02-$0.10/$100, based on term of mortgage
|
0.15%
0.02%-0.1%
|
|
Oregon
|
None
|
|
|
Pennsylvania
|
Documentary stamp tax 1%
Philadelphia 3%, Pittsburgh 1.5%-2%
County rates widely vary
|
1%
|
|
Rhode Island
|
Realty conveyance tax $2.00/$500
|
0.4%
|
|
South Carolina
|
Deed recording fee $1.85/$500
($1.30 state, $0.55 county)
|
0.37%
|
|
South Dakota
|
$.50/$500
|
0.1%
|
|
Tennessee
|
Transfer tax $0.37/$100
Mortgage tax $0.115 /$100
|
0.37%
0.12%
|
|
Texas
|
None
|
|
|
Utah
|
None
|
|
|
Vermont
|
Property Transfer Tax 1.25%
Unless property is owner-occupied, in which case, tax is 0.5% on the first $100,000 of value and 1.25% over $100,000. Qualified farms - 0.5%
Plus capital gains tax on land sales, based on length of ownership
|
1.25%
(or marginal rates based n value)
|
|
Virginia
|
Transfer tax $0.50/$500
Mortgage tax $0.25/$100 up to $10 million value; more thereafter.
Local option for one-third more of state recordation tax.
|
0.1%
0.25%
|
|
Washington
|
Real property sale excise tax 1.28% of sales price plus local option tax, currently ranging from 0.25%-0.75%.
|
1.28%
1.53% to 2.03% combined with local option
|
|
West Virginia
|
Transfer tax $1.65/$500 ($1.10 state, $0.55 county) Local option for $.55 more. Plus $20 flat fee on all transfers.
|
0.33%
$20.00
|
|
Wisconsin
|
Transfer tax $.30/$100
|
0.3%
|
|
Wyoming
|
None
|
|
|
|
|
|
|
Sources: NCSL, Commerce Clearing House State Tax Guide, August 2010. Compiled by National Conference of State Legislatures Fiscal Affairs Program.
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